Worldquant Millennium Advisors LLC Purchases 235,910 Shares of Tyson Foods, Inc. (NYSE:TSN)

Worldquant Millennium Advisors LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 45.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 751,895 shares of the company's stock after purchasing an additional 235,910 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.21% of Tyson Foods worth $43,189,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Tyson Foods by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after buying an additional 325,361 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Tyson Foods by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after buying an additional 178,785 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Tyson Foods by 2.6% during the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after buying an additional 118,402 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after buying an additional 427,582 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Tyson Foods during the fourth quarter valued at about $175,086,000. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSN. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. StockNews.com cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Citigroup lifted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Finally, HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and a consensus price target of $62.63.

Tyson Foods Stock Performance

Shares of TSN stock opened at $56.06 on Tuesday. The firm has a market cap of $19.97 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 0.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The firm's 50-day simple moving average is $59.67 and its two-hundred day simple moving average is $59.53.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio is 77.82%.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.